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Tipco Asphalt Public Company Limited (TASCO) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Tipco Asphalt Public Company Limited stock THB 17.55, price THB 16.70, upside +5.1%, quality 63 out of 100. Rating: fairly valued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials TH · ISIN TH0219010Z06

TA Tipco Asphalt Public Company Limited logo Thin data Nov 9, 2026

Tipco Asphalt Public Company Limited

TASCO · BK
Fairly valued, in an uptrend

The stock costs about what our calculation considers fair.

Quality 63/100
Low debt
Generates free cash flow
1.2% dividend yield · Well covered
Ranks above peers (9/15)
Revenue last quarter +19% vs. a year ago.
Fair value 17.55 THB · Fairly valued
Thin margins · 4.1% net margin (TTM)
Weak Growth (revenue 5y +0.6 %/yr in THB)
Narrow moat 36/100 · thin data
Thin data
⟳ Cyclical
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Price vs Fair Value

17.80 THB 11.83 THB Fair Value 17.55 THB May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.

How to read this chart

60‑month range 11.83 THB – 17.80 THB · fair‑value band 13.16 THB – 21.93 THB · the 16.70 THB price screens below the 17.55 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 9, 2026.

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Company profile

Tipco Asphalt Public Company Limited, together with its subsidiaries, manufactures and distributes asphalt and petroleum products in Thailand and internationally. It operates through Manufacturing and Trading; and Construction Business segments.

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The company engages in manufacturing and trading of asphalt, petroleum oil, and asphalt concrete products; marine logistics; and construction services related to highway construction and road rehabilitation.

It is also involved in the distribution of machines, materials, and tools for road construction; ship management and agency; marine transportation; sale of construction materials; storage; and tank rental activities.

In addition, the company offers asphalt cement and emulsion, cutback asphalt, modified asphalt emulsion, polymer modified asphalt, and premium asphalt; premix, joint sealer, and coating applications; technical services; and research and development services.

It serves contractors, traders, terminal owners, and distributors. Tipco Asphalt Public Company Limited was founded in 1979 and is headquartered in Bangkok, Thailand.

Stock analysis

Tipco Asphalt Public Company Limited (TASCO) currently trades at 16.70 THB, while our model-based Fair Value estimate is 17.55 THB, so the stock looks roughly fairly valued today (gap 4.8%).

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Valuation

Bull case: the Dividend Discount group reads highest at a median of 16.98 THB per share, and 5 of the 24 models we run sit above the 16.70 THB price.

Bear case: the Asset-Based group reads lowest at 3.30 THB, and 19 of the 24 models stay below the price. Data coverage for this calculation is low.

Scenario range: 13.16 THB (bear) to 21.93 THB (bull), the price of 16.70 THB sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 63/100 (solid quality), in the Basic Materials sector.

Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.

Tipco Asphalt Public Company Limited reported revenue of 27.0B THB in FY2025 versus 27.1B THB in FY2021, a compound −0.1%/yr. Reported net income was 1.1B THB in FY2025, compounding −15.4%/yr from FY2021.

Key figures

Market cap 26.4B THB (≈ $788M) Small · P/E ratio 22.6 · P/S ratio 0.92 · EPS (TTM) 0.7400 THB · Dividend yield 1.2% · Net margin 4.1% · Return on equity 7.9% · Return on assets (EBIT) 10.4% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 36 out of 100 (low confidence).

What moves the price

The share trades about 6% below its 52-week high and 34% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at 5%, TASCO screens cheaper than that median.

Fair Value models

Bear 13.16 THB Fair Value 17.55 THB Bull 21.93 THB
Price 16.70 THB · Upside +5.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.4631 THB per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF 14.49 THB 18.43 THB 23.17 THB 82
Growth DCF 14.74 THB 18.38 THB 22.58 THB 80
Owner Earnings 14.24 THB 18.10 THB 22.75 THB 78
All 24 models by family
DCF Models
FCF DCF 14.49 THB 18.43 THB 23.17 THB 82
Owner Earnings 14.24 THB 18.10 THB 22.75 THB 78
5Y Revenue Exit 9.75 THB 12.26 THB 15.22 THB 74
5Y EBITDA Exit 11.40 THB 15.14 THB 19.22 THB 77
5Y P/E Exit 11.43 THB 15.18 THB 18.85 THB 72
10Y Revenue Exit 11.63 THB 14.04 THB 16.72 THB 68
10Y EBITDA Exit 12.66 THB 15.76 THB 19.25 THB 70
10Y P/E Exit 12.67 THB 15.78 THB 19.02 THB 65
Earnings-Based
Graham-Dodd 4.90 THB 10.08 THB 12.73 THB 66
EPV 4.10 THB 4.49 THB 4.81 THB 74
Dividend Discount
Gordon GGM 12.65 THB 17.21 THB 21.28 THB 69
DDM Multi-Stage 12.65 THB 16.75 THB 20.77 THB 67
Multiples
P/E Multiple 9.18 THB 12.24 THB 15.30 THB 63
P/S Multiple 9.18 THB 12.24 THB 15.30 THB 58
P/B Multiple 12.05 THB 16.07 THB 20.09 THB 55
EV/EBIT 4.83 THB 6.89 THB 8.96 THB 65
EV/EBITDA 7.76 THB 10.80 THB 13.85 THB 67
EV/Revenue 4.00 THB 6.30 THB 8.61 THB 53
Asset-Based
NCAV (Graham) 2.18 THB 3.30 THB 4.13 THB 54
Growth DCF
Growth DCF 14.74 THB 18.38 THB 22.58 THB 80
Rev-Margin DCF 9.75 THB 12.55 THB 15.63 THB 74
Economic Profit
Residual Income 6.84 THB 7.22 THB 7.90 THB 76
ROIC Compounder 4.10 THB 4.49 THB 4.81 THB 72
Growth Earnings
Growth-Adj P/E 6.79 THB 9.70 THB 12.61 THB 67

The fair value above starts from this blend and is adjusted for a cyclical trough year.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 63/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 44
How much profit the company makes from its sales and capital
Quality Growth 29
Are margins and returns getting better?
Cashflow 66
Do the profits arrive as real cash?
Financial strength 71
Debt, balance sheet and risk of trouble
Investment 98
Does it invest with discipline instead of growing at any price?
Low Volatility 86
How calm the share price moves, does not count
Price momentum 65
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 72
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 40/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−3.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−6.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.6%
Start year 2020 (pandemic). Over 10 years: −3.2% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.2%
What shareholders gained per year (last 5 years), in THB ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−17.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−18.3%
Dividend (yield on the price)1.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−18.3% vs −9.6%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.17% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 2.9%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.

Growth Forecast

Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+3.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about +1.9% a year for the price and +1.1% for the forecasts.
Forecast 2026 (sales)+6.4%
Forecast 2027 (sales)+1.1%
Projected 2028 (sales)+1.2%
Projected 2029 (sales)+1.3%
Projected 2030 (sales)+1.5%

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Building Materials · 257 stocks

Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 63 · Top 25%
Fair Value upside +5.1% · Above median
Profitability
Return on equity (12 months) 7.9% · Above median
Return on assets 5.2% · Above median
Net margin (12 months) 4.1% · Below median
Operating margin (12 months) 6.7% · Below median
Growth and dividend
Revenue growth (quarter YoY) 19.4% · Top 25%
Dividend yield (12 months) 1.2% · Below median
Balance sheet
Debt / equity 0.00× · Lowest 25%

Valuation Multiplesvs Building Materials median · lower = cheaper

P/E (12 months) 22.6× · Pricier than median
P/B 1.92× · Priciest 25%
P/S (12 months) 0.92× · Cheaper than median
Price / free cash flow (fiscal year) 10.7× · Cheaper than median
EV/EBITDA 11.0× · Pricier than median
PEG 0.05× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)40 · sector 30
FUTURE (revenue growth)97 · sector 13
PAST (return on equity)32 · sector 17
HEALTH (low debt)100 · sector 92
DIVIDEND (yield)24 · sector 47

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Building Materials stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
China Jushi Co 600176 ¥27.45 ¥28.04 +2% vs TASCO
Heidelberg Materials AG HEI €173.80 €177.49 +2% vs TASCO
Holcim AG HOLN CHF 73.26 CHF 66.54 −9% vs TASCO
Amrize AG AMRZ $41.87 $35.08 −16% vs TASCO
CRH plc CRH $94.81 $75.09 −21% vs TASCO
Vulcan Materials Company VMC $282.72 $132.92 −53% vs TASCO
Martin Marietta Materials, Inc MLM $518.15 $214.62 −59% vs TASCO
Grasim Industries Limited GRASIM ₹3,227 ₹1,245 −61% vs TASCO
UltraTech Cement Limited ULTRACEMCO ₹12,450 ₹4,721 −62% vs TASCO
James Hardie Industries plc JHX A$41.89 A$10.28 −75% vs TASCO

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Cite: Fair Value Calculator (2026). "Tipco Asphalt Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/TASCO

Frequently asked questions

Is Tipco Asphalt Public Company Limited (TASCO) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 17.55 THB versus a price of 16.70 THB, about +5% upside (fairly valued).
What is the fair value of TASCO?
Our model-based fair value for Tipco Asphalt Public Company Limited is 17.55 THB (as of Nov 9, 2026), built from audited fundamentals. The current price: 16.70 THB.
What is the quality score of TASCO?
Tipco Asphalt Public Company Limited has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Tipco Asphalt Public Company Limited (TASCO)?
Our model-based price target is the fair value of 17.55 THB (as of Nov 9, 2026) from 24 valuation models. Cautious scenario 13.16 THB, optimistic scenario 21.93 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Tipco Asphalt Public Company Limited stock forecast for 2026?
Our models put fair value at 17.55 THB, about +5% upside versus a price of 16.70 THB (fairly valued). Cautious scenario 13.16 THB, optimistic scenario 21.93 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Tipco Asphalt Public Company Limited (TASCO)?
Tipco Asphalt Public Company Limited reported trailing-twelve-month revenue of about 28.7B THB (latest available figure, as of Nov 9, 2026).
Does Tipco Asphalt Public Company Limited pay a dividend?
Tipco Asphalt Public Company Limited currently shows a dividend yield of 1.20% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Tipco Asphalt Public Company Limited (TASCO) and when is the ex-dividend date?
Tipco Asphalt Public Company Limited pays a dividend of 0.2 THB per share a year, a dividend yield of 1.2%. The last ex-dividend date was Mar 4, 2026. A dividend has been paid every year since 2012. The payout ratio is 27.0% of earnings. Free cash flow covers the dividend 7.83 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Tipco Asphalt Public Company Limited (TASCO)?
For today's price to be fair in a discounted-cash-flow model, Tipco Asphalt Public Company Limited would have to grow free cash flow by +3.2 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.6 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of TASCO use?
Our models discount Tipco Asphalt Public Company Limited at 11.6 %: a base by market capitalisation (small), damped by beta 0.14, country premium for Thailand. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Tipco Asphalt Public Company Limited that is +3.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Tipco Asphalt Public Company Limited (TASCO) delivered so far?
Over the past 5 years revenue at Tipco Asphalt Public Company Limited grew +0.6 % a year. The price currently implies free-cash-flow growth of +3.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Tipco Asphalt Public Company Limited (TASCO) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Tipco Asphalt Public Company Limited (+3.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Tipco Asphalt Public Company Limited (TASCO)?
The free-cash-flow yield on the price is 9.38 %: that much free cash flow Tipco Asphalt Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tipco Asphalt Public Company Limited (TASCO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tipco Asphalt Public Company Limited it is 17.55 THB per share (as of Nov 9, 2026), against a price of 16.70 THB. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Tipco Asphalt Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 9, 2026, TASCO trades below its calculated fair value: price 16.70 THB, fair value 17.55 THB, a gap of about +5% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TASCO?
No. The price is what the market pays today (16.70 THB); the fair value is what the company's own numbers justify (17.55 THB). For Tipco Asphalt Public Company Limited the two are 0.8477 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Tipco Asphalt Public Company Limited worth?
The market values Tipco Asphalt Public Company Limited at about 26.4B THB (market capitalisation, as of Nov 9, 2026). Per share that is 16.70 THB; our models calculate a fair value of 17.55 THB per share.
What do the bullish and bearish scenarios say about TASCO?
Our models span a range for Tipco Asphalt Public Company Limited: cautious scenario 13.16 THB, base 17.55 THB, optimistic 21.93 THB per share (as of Nov 9, 2026, price 16.70 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TASCO?
Tipco Asphalt Public Company Limited trades at a price-to-earnings ratio of 22.6 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 17.55 THB is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 12.1. Other multiples: PEG 0.1, P/B 1.9, P/S 0.9, EV/EBITDA 11.0.
What is the PEG ratio of TASCO?
The PEG ratio of Tipco Asphalt Public Company Limited is 0.05 (P/E divided by earnings growth, as of Nov 9, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Tipco Asphalt Public Company Limited (TASCO)?
Balance-sheet figures for Tipco Asphalt Public Company Limited (as of Nov 9, 2026): return on equity 7.9%, debt of 0.00 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is TASCO from its 52-week high?
Tipco Asphalt Public Company Limited trades at 16.70 THB, about 6% below its 52-week high of 17.80 THB and 34% above the low of 12.50 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 17.55 THB is for.
Which stocks are comparable to Tipco Asphalt Public Company Limited?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, Vulcan Materials Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Tipco Asphalt Public Company Limited stock attractive at the current price?
The data as of Nov 9, 2026: price 16.70 THB, calculated fair value 17.55 THB (+5%), Quality Score 63/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TASCO calculated?
We run Tipco Asphalt Public Company Limited through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 17.55 THB builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Tipco Asphalt Public Company Limited currently trades 5% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Tipco Asphalt Public Company Limited (TASCO)?
The closing price on Nov 6, 2026 was 16.70 THB. Our model-based fair value is 17.55 THB, about +5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tipco Asphalt Public Company Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Tipco Asphalt Public Company Limited (TASCO) come from?
Earnings per share at Tipco Asphalt Public Company Limited grew −7.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share −2.6 %, EBIT margin −2.4 %, tax rate −0.5 %, residual (interest, one-offs) −2.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Tipco Asphalt Public Company Limited

How large is the market capitalisation of Tipco Asphalt Public Company Limited (TASCO)?
The market capitalisation of Tipco Asphalt Public Company Limited is 26.4B THB (≈ $788M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Tipco Asphalt Public Company Limited (TASCO)?
The price-to-sales ratio of Tipco Asphalt Public Company Limited is 0.92 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Tipco Asphalt Public Company Limited (TASCO)?
Earnings per share at Tipco Asphalt Public Company Limited are 0.7400 THB (price ÷ EPS = P/E 22.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tipco Asphalt Public Company Limited (TASCO)?
The dividend yield of Tipco Asphalt Public Company Limited is 1.2% (payout 27.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Tipco Asphalt Public Company Limited (TASCO)?
The net margin of Tipco Asphalt Public Company Limited is 4.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Tipco Asphalt Public Company Limited (TASCO)?
The return on equity (ROE) of Tipco Asphalt Public Company Limited is 7.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Tipco Asphalt Public Company Limited (TASCO)?
On an EBIT basis the return on assets of Tipco Asphalt Public Company Limited is 10.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Tipco Asphalt Public Company Limited (TASCO)?
The operating margin of Tipco Asphalt Public Company Limited is 6.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tipco Asphalt Public Company Limited (TASCO)?
Revenue at Tipco Asphalt Public Company Limited is growing +19.4% versus a year earlier (3y avg −6.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Tipco Asphalt Public Company Limited (TASCO)?
Earnings per share at Tipco Asphalt Public Company Limited are growing +4.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Tipco Asphalt Public Company Limited (TASCO) carry?
The net debt of Tipco Asphalt Public Company Limited is 2.2B THB (fiscal year 2025, ≈ 0.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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